306 5Th StReading, PA 19602

For Sale
$525,000

Prime Location, High Cash Flow, 6 Units

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 6-unit apartment building, located at 306 S 5th St in Reading, Pennsylvania (zip code 19602), presents a compelling investment opportunity. Built in 1900, the property boasts a total of 4,760 square feet and offers a strong net operating income (NOI) of $54,589. The property's central location in Reading ensures high occupancy rates and ease of tenant acquisition. This makes it an ideal investment for those seeking a stable and profitable multifamily asset. The asking price is $525,000. This property is available for purchase individually, or as part of a larger package deal encompassing either 11 or 20 units. Detailed financial statements and further information are available upon request. This is a rare opportunity to acquire a well-performing multifamily property in a desirable location. The property's strong cash flow and central location make it an attractive investment for both seasoned and new investors. Serious inquiries only.

Highlights

  • 6-unit apartment building in desirable Reading, PA location.
  • High occupancy rates due to central location.
  • Strong cash flow with a $54,589 NOI.
  • Asking price: $525,000.
  • Available individually or as part of an 11 or 20-unit package.

Property Details for 306 5Th St

Property type
Multifamily properties, Apartment buildings
Square Feet
4,760 SF
Year Built
1900
Units
6

Location Insight

City
Reading
County
Berks
State
Pennsylvania
Latitude
40.3304273
Longitude
-75.9283189
306 5Th St, Reading, Pennsylvania

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306 5Th St
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